Institutional trust rises as Capital B strengthens its Bitcoin holdings

Capital B, a company listed in Europe,

Treasury Company, has secured €58.1 million in a private offering involving more than 35 institutional investors from 10 different nations, representing a major advancement in its to increase its Bitcoin reserves. The firm issued shares at €1.55 each, representing a 9.1% reduction compared to its latest five-day average price, indicating robust interest from both conventional financial institutions and Bitcoin-focused investors like Blockchain.com and TOBAM. The majority of the proceeds will go toward acquiring more Bitcoin, and the company projects the new capital could purchase around 500 BTC, raising its total holdings to close to 2,749 BTC.

This move highlights the rising institutional appetite for Bitcoin as a reserve asset, especially within Europe. Capital B, which began its Bitcoin acquisitions in November 2024, now holds 2,249 BTC, valued at about $260 million at current market rates. The company’s average acquisition cost stands at $107,310 per coin, yielding an unrealized profit margin of roughly 7.75%. With the expected purchase, its Bitcoin exposure is set to grow by nearly 22%. This approach reflects larger trends in corporate adoption, particularly among U.S. companies like Strategy, which owns approximately 639,000 BTC, making it one of the largest Bitcoin treasury holders worldwide.

Capital B’s fundraising aligns with a period of increasing Bitcoin ETF inflows in the U.S. and a spike in crypto trading activity. This trend supports a positive outlook among institutional investors, who now see Bitcoin not just as a speculative asset but as a long-term value reserve for corporate treasuries. Cantor Fitzgerald Europe took the role of global coordinator and TP ICAP Europe SA acted as joint bookrunner for this placement, demonstrating the expanding role of institutional infrastructure in supporting digital asset strategies.

Despite the optimism, the move comes against a backdrop of mounting concerns for companies holding Bitcoin treasuries. Standard Chartered has recently cautioned that many such firms are under pressure from declining market net asset values, with some potentially facing insolvency. Nevertheless, Capital B’s successful raise signals strong confidence, especially in an environment where liquidity and regulatory uncertainties persist. The company openly discloses these risks, including high Bitcoin price volatility, liquidity limitations, and shifting regulatory frameworks.

The overall landscape of Bitcoin treasury holdings is seeing more companies join in. Recent figures indicate that 75 publicly traded entities currently own Bitcoin, collectively holding 971,110 BTC, with a combined value of $114.7 billion. U.S. companies like Strategy continue to lead, possessing the largest corporate Bitcoin reserves, while European businesses such as Capital B are emerging as major participants in this evolving sector. The growing involvement of institutions suggests a maturing market, where Bitcoin is increasingly recognized as a legitimate asset for portfolio diversification and as a hedge against broader economic instability.

Capital B’s growth is consistent with its ambition to establish itself as Europe’s premier dedicated Bitcoin Treasury Company, leveraging its Data Intelligence and AI divisions. The company is also prioritizing the strengthening of its balance sheet while expanding operational initiatives. Its strategy aims to increase the amount of Bitcoin per fully diluted share over time, supporting its long-term value proposition for investors. With this recent capital raise, Capital B positions itself as a leading example of European corporate Bitcoin adoption, mirroring a broader shift among institutional players integrating digital assets into their treasury management strategies.